Tag: life insurance beneficiary
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Beneficiary Rules for a Life Insurance Policy
Important things to know… A beneficiary of a life insurance policy is an individual or entity who receives the death benefit with the insured dies There are different designations of beneficiaries that need to be explained and understood by the insur …
→ Read MoreCan a power of attorney change a beneficiary on a life insurance policy?
Important things to know… Power of attorney’s rights and privileges should be clearly spelled out in the legal documents One instance where full power of attorney rights cannot change a beneficiary Stricter state power of attorney laws, trying …
→ Read MoreCan the beneficiary of a life insurance policy be contested?
Important things to know… A will can be contested, under very specific and clear legal circumstances A will can’t be challenged just because someone feels treated unfairly, but special circumstances will be examined and considered by the courts …
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